Owens & Minor (NYSE:OMI) Posts Earnings Results, Beats Expectations By $0.02 EPS

Owens & Minor (NYSE:OMI) posted its quarterly earnings data on Friday. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02, Zacks reports. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Owens & Minor updated its FY25 guidance to $1.60-1.85 EPS and its FY 2025 guidance to 1.600-1.850 EPS.

Owens & Minor Price Performance

NYSE:OMI opened at $9.56 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The firm has a fifty day simple moving average of $11.51 and a 200 day simple moving average of $13.24. Owens & Minor has a 1-year low of $6.07 and a 1-year high of $28.35. The stock has a market capitalization of $736.78 million, a PE ratio of -14.70, a P/E/G ratio of 0.20 and a beta of 0.48.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Owens & Minor from $14.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. UBS Group lowered their price objective on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Citigroup lowered their price objective on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Barclays lowered their price objective on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Owens & Minor currently has an average rating of “Hold” and a consensus target price of $14.92.

Owens & Minor declared that its board has authorized a stock repurchase plan on Friday, February 28th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 13.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

About Owens & Minor

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.